RSR

Reserve RightsRSR

Rank #103
Token
On 108,124 watchlists

Reserve Rights Price (RSR)

$0.07519
5.27%

0.000001386 BTC1.68%

0.00001865 ETH5.01%

Low:$0.07411
High:$0.0835
24h
RSR  Reserve Rights RSRPrice: $0.07519 5.27%
Market Cap
$989,440,980
5.27%
Fully Diluted Market Cap
$7,518,549,053
5.27%
Volume
24h
$99,407,687
18.17%
Volume / Market Cap
0.1005
Circulating Supply
13.16B RSR
13%
Max Supply
100,000,000,000
Total Supply
100,000,000,000

Reserve Rights Chart

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RSR Price Live Data

The live Reserve Rights price today is $0.075185 USD with a 24-hour trading volume of $99,407,687 USD. Reserve Rights is down 5.27% in the last 24 hours. The current CoinMarketCap ranking is #103, with a live market cap of $989,440,980 USD. It has a circulating supply of 13,159,999,000 RSR coins and a max. supply of 100,000,000,000 RSR coins.

If you would like to know where to buy Reserve Rights, the top exchanges for trading in Reserve Rights are currently Binance, Huobi Global, OKEx, FTX, and CoinTiger. You can find others listed on our crypto exchanges page.

What Is Reserve Rights (RSR)?

Reserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.

Reserve Rights’ dual token setup includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities.

Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals — helping holders shape the future of the Reserve Rights ecosystem.

In the later stages of the project, Reserve Rights plans to back the Reserve stablecoin by an increasingly diverse basket of assets, and eventually move it away from the U.S. dollar peg — instead creating an alternative reserve asset where RSV tokens instead represent fractional ownership of the collateral pool.

Who Are the Founders of Reserve Rights?

Reserve Rights was co-founded by Nevin Freeman and Matt Elder. Freeman is Reserve's CEO and a seasoned entrepreneur. He describes his life goal as "solving the coordination problems that are stopping humanity from achieving its potential."

Matt Elder, on the other hand, is an experienced engineer who previously worked for Google and Quixey, and now works to oversee the architecture of the Reserve protocol implementation as the project’s CTO.

Since its launch in 2019, the Reserve team has grown considerably, and now includes more than two dozen individuals, which includes engineers, developers, and legal and compliance staff — all unified under the shared ambition to position Reserve as an open, massively scalable stablecoin that promotes economic prosperity.

What Makes Reserve Rights Unique?

Unlike other stablecoins that are typically backed by U.S. dollars (USD) held in reserve in a bank account controlled by the stablecoin issuer or a trusted custodian, Reserve stablecoins are backed by a basket of cryptocurrencies managed by smart contracts.

This basket initially consists of Ethereum stablecoin assets, including USD Coin (USDC), True USD (TUSD) and Paxos (PAX), but there are plans to later transition to a more diverse basket, which might eventually include fiat currencies, securities, commodities and complex asset types, like synthetics and derivatives.

Arguably Reserve's major defining feature is its Reserve Rights token, which is minted and sold when the RSV stablecoin loses its peg with the U.S. dollar. The funds generated by selling RSR tokens are used to replenish the RSV collateral pool, whereas when RSV is valued at above $1, the additional collateral will be used to purchase and burn RSR from the secondary market, driving down the supply.

Arbitrageurs can benefit from this mechanism when RSV is valued at above $1.00, by buying RSV at $1.00 from the Reserve smart contract using RSR, and then selling it at the current market price to net the difference as profit. This option is only available to RSR holders, and is currently one of the main drivers for holding RSR tokens.

Read about DAI — a similar stablecoin backed by a basket of assets.

Read about Libra — an upcoming basket-backed stablecoin from Facebook.

Stuck on an unfamiliar term? Find out its meaning on the CoinMarketCap Glossary.

Check out the CoinMarketCap blog to discover the latest insights and tools to help you stay on top of the market.

How Many Reserve Rights (RSR) Coins Are There in Circulation?

Reserve Rights has a fixed supply of 100 billion tokens. Out of this, less than 10% are currently in circulation as of October 2020.

The maximum token supply has already been pre-mined, but a large proportion is locked for various reasons, including 55.75% of the supply locked in a smart contract known as the "slow wallet.” Funds from this wallet are released following a one-month delay with a public on-chain message from the Reserve team explaining the purpose of the withdrawal.

Although RSR has a fixed supply of 100 billion tokens while on Ethereum, the Reserve team has stated that this maximum supply might change once Reserve moves to its mainnet — an event currently slated to occur in 2020.

The Reserve Rights token initially launched with a circulating supply of 6.85 billion tokens, of which 3% were distributed to Huobi Prime IEO participants, 2.85% released as project tokens and 1% to private investors. All team, advisor, partner, and seed investor tokens will remain locked until after the mainnet is launched.

How Is the Reserve Rights Network Secured?

Reserve Rights is currently an ERC-20 token based on the Ethereum blockchain. As a result, it is secured against attacks by a robust proof-of-work (POW) consensus mechanism backed by a network of thousands of Ethereum miners.

Reserve Rights is scheduled to migrate to its mainnet in 2020. As of October 2020, Reserve has not yet announced which consensus mechanism the new blockchain will use to secure the network.

Where Can You Buy Reserve Rights (RSR)?

Reserve Rights (RSR) is a popular token that currently maintains excellent liquidity.

It is available to purchase and trade on several of the most well-established cryptocurrency exchange platforms, including Binance, Huobi Global and OKEx, and can be traded against various popular cryptocurrencies, including Bitcoin (BTC), Tether (USDT) and Ethereum (ETH), as well as the U.S. dollar (USD) on multiple platforms.

To get started, consider buying Bitcoin with your credit or debit card. You can then exchange this for Reserve Rights tokens on various exchanges.

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RSR

Reserve Rights

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USD

United States Dollar

RSR Price Statistics

Reserve Rights Price Today
Reserve Rights Price$0.07519
Price Change24h$-0.004184
5.27%
24h Low / 24h High
$0.07411 /
$0.0835
Trading Volume24h$99,407,686.53
18.17%
Volume / Market Cap0.1005
Market Dominance0.04%
Market Rank#103
Reserve Rights Market Cap
Market Cap$989,440,980.14
5.27%
Fully Diluted Market Cap$7,518,549,052.63
5.27%
Reserve Rights Price Yesterday
Yesterday's Low / High
$0.07402 /
$0.08096
Yesterday's Open / Close
$0.07666 /
$0.07998
Yesterday's Change

4.33%

Yesterday's Volume$89,652,766.25
Reserve Rights Price History
7d Low / 7d High
$0.07151 /
$0.09016
30d Low / 30d High
$0.06343 /
$0.1189
90d Low / 90d High
$0.03512 /
$0.1189
52 Week Low / 52 Week High
$0.002759 /
$0.1189
All Time High
Apr 16, 2021 (a month ago)
$0.1189
36.79%
All Time Low
Mar 16, 2020 (a year ago)
$0.001247
5927.71%
Reserve Rights ROI

1980.65%

Reserve Rights Supply
Circulating Supply13,159,999,000 RSR
Total Supply100,000,000,000 RSR
Max Supply100,000,000,000 RSR